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8107 NE Failing St 5 Unit Apartment Building $926,424 CAD ($185,285 CAD/Unit) Portland, OR 97213
Investment Highlights
- Projected gross income of $72,540
- Bids due June 3, 2026
- Income producing asset with stable occupany
Executive Summary
This fiveplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased, primarily located in Southeast and Northeast Portland, and will be sold via Sealed Bid Auction on June 3, 2026. Located at the corner of NE Failing and NE 81st, this fully leased fiveplex was extensively remodeled in 2019 following a fire. The property includes four one-bedroom, one-bath units and one two-bedroom, one-bath unit. Projected 2026 gross income is $72,540, with real estate taxes of $7,724. The landlord covers water, sewer, trash, and landscaping. All tenants are on month-to-month leases with tenures ranging from three to four years. This property offers a well-maintained, income-producing asset with stable occupancy in a convenient Northeast Portland location. Could be purchased with five plex on same street to create ten-unit portfolio with projected combined income of $134,600.
Property Facts
| Price | $926,424 CAD | Building Class | C |
| Price Per Unit | $185,285 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,976 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1959/2019 |
| Apartment Style | Garden | Parking Ratio | 0.84/1,000 SF |
| Zoning | RM1 - Residential Multi-Dwelling | ||
| Price | $926,424 CAD |
| Price Per Unit | $185,285 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,976 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2019 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | RM1 - Residential Multi-Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,685 CAD | - |
| 2+1 | 1 | $1,551 CAD | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R300320 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $393,435 CAD |
Property Taxes
Parcel Number
R300320
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$393,435 CAD
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8107 NE Failing St
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